In their new paper, Miltiadis Makris and Flavio Toxvaerd consider the equilibrium and socially optimal amount of social distancing when pharmaceutical innovations such as vaccines and treatments are on the horizon.
Latest COVID-research – NBER Working Papers
This thread lists COVID-related papers recently published in the Working Papers series of the National Bureau of Economic Research (United States).
From the 26 October edition:
- How do People Respond to Small Probability Events with Large, Negative Consequences?, Martin S. Eichenbaum, Miguel Godinho de Matos, Francisco Lima, Sergio Rebelo, and Mathias Trabandt
- The Pandemic Economic Crisis, Precautionary Behavior, and Mobility Constraints: An Application of the Dynamic Disequilibrium Model with Randomness, Joseph E. Stiglitz
- Industrial Clusters, Networks and Resilience to the Covid-19 Shock in China, Ruochen Dai, Dilip Mookherjee, Yingyue Quan, and Xiaobo Zhang
- The Long-Run Effects of the Affordable Care Act: A Pre-Committed Research Design Over the COVID-19 Recession and Recovery, Jeffrey Clemens, Drew McNichols, and Joseph J. Sabia
- Macroeconomic Outcomes and COVID-19: A Progress Report, Jesús Fernández-Villaverde and Charles I. Jones
NOTE: The NBER Working Papers series publishes early findings of ongoing research to encourage discussion and collect suggestions for revisions. Papers are neither peer reviewed nor endorsed by the NBER Board of directors.
Lockdown and social distancing fuel wage inequality and poverty across Europe
The economic impact of lockdown and social distancing measures goes beyond the contraction of GDP. Juan C.Palomino, Juan G.Rodríguez, Raquel Sebastian study the capacity of people across different occupations to continue their work under four different lockdown scenarios. Their findings suggest for 29 European countries significant rises in poverty levels as well as wage losses especially for poor workers in jobs with limited teleworking capacity. Growing wage inequality may be among the long-term consequences of the COVID-19 crisis.
Latest COVID-research – NBER Working Papers
This thread lists COVID-related papers recently published in the Working Papers series of the National Bureau of Economic Research (United States).
From the 28 September edition:
- COVID-19 and SME Failures, Pierre-Olivier Gourinchas, Ṣebnem Kalemli-Özcan, Veronika Penciakova, and Nick Sander
- Firm-Level Risk Exposures and Stock Returns in the Wake of COVID-19, Steven J. Davis, Stephen Hansen, and Cristhian Seminario-Amez
- Retail Raw: Wisdom of the Robinhood Crowd and the Covid Crisis, Ivo Welch
- COVID-19 Changed Tastes for Safety-Net Programs, Alex Rees-Jones, John D’Attoma, Amedeo Piolatto, and Luca Salvadori
- A Counterfactual Economic Analysis of Covid-19 Using a Threshold Augmented Multi-Country Model, Alexander Chudik, Kamiar Mohaddes, M. Hashem Pesaran, Mehdi Raissi, and Alessandro Rebucci
NOTE: The NBER Working Papers series publishes early findings of ongoing research to encourage discussion and collect suggestions for revisions. Papers are neither peer reviewed nor endorsed by the NBER Board of directors.
Latest COVID-research – NBER Working Papers
This thread lists COVID-related papers recently published in the Working Papers series of the National Bureau of Economic Research (United States).
From the 21 September edition:
- The Effects of COVID-19 on U.S. Small Businesses: Evidence from Owners, Managers, and Employees, Georgij Alekseev, Safaa Amer, Manasa Gopal, Theresa Kuchler, JW Schneider, Johannes Stroebel, and Nils C. Wernerfelt
- Venture Capitalists and COVID-19, Paul Gompers, Will Gornall, Steven N. Kaplan, and Ilya A. Strebulaev
- Pandemics, Vaccines and Corporate Earnings, Harrison Hong, Jeffrey Kubik, Neng Wang, Xiao Xu, and Jinqiang Yang
- Pandemics Through the Lens of Occupations, Anand Chopra, Michael B. Devereux, and Amartya Lahiri
NOTE: The NBER Working Papers series publishes early findings of ongoing research to encourage discussion and collect suggestions for revisions. Papers are neither peer reviewed nor endorsed by the NBER Board of directors.
Latest COVID-research (X) – NBER Working Papers
This thread lists COVID-related papers recently published in the Working Papers series of the National Bureau of Economic Research (United States).
From the 7 September edition:
- Rugged Individualism and Collective (In)action During the COVID-19 Pandemic, Samuel Bazzi, Martin Fiszbein, and Mesay Gebresilasse
- Clean Air as an Experience Good in Urban China, Matthew E. Kahn, Weizeng Sun, and Siqi Zheng
- The Social Safety Net in the Wake of COVID-19, Marianne Bitler, Hilary W. Hoynes, and Diane Whitmore Schanzenbach
- The Long-Term Distributional and Welfare Effects of Covid-19 School Closures, Nicola Fuchs-Schündeln, Dirk Krueger, Alexander Ludwig, and Irina Popova
- Who’s In and Who’s Out under Workplace COVID Symptom Screening?, Krista J. Ruffini, Aaron Sojourner, and Abigail K. Wozniak
- The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S., Greg Kaplan, Benjamin Moll, and Giovanni L. Violante
- What Explains the COVID-19 Stock Market?, Josue Cox, Daniel L. Greenwald, and Sydney C. Ludvigson
- Who are the Essential and Frontline Workers?, Francine D. Blau, Josefine Koebe, and Pamela A. Meyerhofer
NOTE: The NBER Working Papers series publishes early findings of ongoing research to encourage discussion and collect suggestions for revisions. Papers are neither peer reviewed nor endorsed by the NBER Board of directors.
Managing Population Immunity
Flavio Toxvaerd and Robert Rowthorn present a new paper analysing the effects of treatment of and vaccination against infectious diseases, such as COVID-19, on herd immunity. They also discuss socially optimal policies for such pharmaceutical interventions in contrast to non-pharmaceutical interventions (NPIs) like lockdowns or social distancing.
Do social distancing laws reduce consumer spending? Not necessarily! Lessons from Sweden and Denmark
Using transaction data from a big Scandinavian bank, Asger Lau Andersen, Emil Toft Hansen, Niels Johannesen, Adam Sheridan compare the impact of social distancing laws on consumer spending in Sweden and Denmark, two countries that chose vastly different approaches in containing the pandemic. Their findings suggest that most of the economic contraction is caused by the virus itself and occurs regardless of social distancing laws.
German study relates easing of restrictions to economic costs and benefits: Step-by-step re-opening preferable
A study by the ifo Institute and the Helmholtz Centre for Infection Research (HZI), conducted in April 2020, finds that economic interests and health policy objectives are not necessarily in conflict when it comes to the speed of easing of restrictions: Their scenarios show that a quick re-opening, promising short-term economic benefits, increases the overall costs in the long-run. A gradual relaxation of measures, in turn, limits economic costs while helping the containment of the virus.
Latest COVID-research (IX)-NBER Working Papers
This thread lists COVID-related papers recently published in the Working Papers series of the National Bureau of Economic Research (United States).
From the 24 August edition:
- Income and Poverty in the COVID-19 Pandemic, by Jeehoon Han, Bruce D. Meyer, and James X. Sullivan
- Four Stylized Facts about COVID-19, by Andrew Atkeson, Karen Kopecky, and Tao Zha
NOTE: The NBER Working Papers series publishes early findings of ongoing research to encourage discussion and collect suggestions for revisions. Papers are neither peer reviewed nor endorsed by the NBER Board of directors.